RE: @ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!

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@ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!

in steemit •  8 years ago 

Does anybody know the current price of steem?
I thought it was tied to the us dollar?

I have not read the steemit white paper and am completley ignorant in how this currency works.

Thank you.

steemit
8 years ago by

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      ·  8 years ago 

    Steem/SteemPower isn't tied to anything. It inflates at about 100% per year, as a result in the long run it's safe to expect a 99,999999999999% devaluation.
    Steem-Dollars are tied to the USD.

    That should make you fully bullish! ;)

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